Palantir posts 93% revenue growth in Q2 2026, raises full-year outlook

Palantir Technologies (NASDAQ: PLTR) reported second-quarter 2026 revenue of $1.935 billion, up 93% year-over-year, as the company raised its full-year guidance, according to a company press release.

U.S. commercial revenue rose 149% year-over-year to $764 million, while U.S. government revenue grew 90% to $809 million. Total U.S. revenue reached $1.573 billion, a 115% increase from the prior-year period.

GAAP net income attributable to common stockholders was $1.062 billion, representing a 55% margin, with diluted earnings per share of $0.41. Adjusted income from operations came in at $1.194 billion, a 62% margin. Cash from operations was $1.216 billion and adjusted free cash flow reached $1.220 billion, both at a 63% margin. The company held $9.2 billion in cash, cash equivalents, and short-term U.S. Treasury securities at quarter end.

Palantir closed 220 deals of at least $1 million during the quarter, including 73 deals of at least $10 million. Total contract value closed was $3.373 billion, up 49% year-over-year, with U.S. commercial total contract value reaching $2.132 billion, up 153%. U.S. commercial remaining deal value stood at $6.238 billion, up 124% year-over-year.

For the third quarter of 2026, the company guided for revenue of $2.160 billion to $2.164 billion and adjusted income from operations of $1.292 billion to $1.296 billion.

For full-year 2026, Palantir raised its revenue guidance to $8.150 billion to $8.158 billion and its U.S. commercial revenue guidance to more than $3.424 billion, implying at least 134% growth. Adjusted income from operations guidance was raised to $4.889 billion to $4.897 billion, and adjusted free cash flow guidance to $4.5 billion to $4.7 billion.

CEO Alex Karp said in the release: "Our U.S. commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year, and our Rule of 40 score climbed to 155%."

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